1. to buy a laptop computer, elaine borrowed you
womputer, elaine borrowed $6,000 for 5 vears at an annual simple interest rate of 3.7%.
a. how much interest will she pay if she pays the entire loan off at the end
she pays the entire loan off at the end of the 5 year?
b. what is the total amount that she will repay?
2.
m
vie. ivogi borrowed $20,000 for 10 years to make home improvements. if he repaid a total of 5,000,
what interest rate did he borrow the money?
3. tj invested $2000 in a bond at a yearly rate of 5 %. he earned $600 in interest. how long was the money
invested?